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Nio Beats Original Goal with 11,348 ES8 Deliveries in 2018
Nio Beats Original Goal with 11,348 ES8 Deliveries in 2018
Nio was presenting its One Click for Power service in a conference. PHOTO: Credit to Nio.
Associated Company
NIO NIO

Jan 10, 2019/EqualOcean/- Nio Inc. (蔚来汽车, NYSE: NIO), a pioneer of premium electric automaker in China, announced that aggregate deliveries of the Company's high- performance premium electric SUV ES8 reached 11,348 vehicles as of December 31, 2018, 3,318 units of ES8 were delivered in December.

Nio commenced deliveries of ES8 starting on Jun 2018, saw the production and delivery solidly ramping up from then on. In December, the number exceeded the company’s expectation, “which was in part due to accelerated deliveries made at the year end in anticipation of expected EV subsidy reductions in China in 2019.”

2018 is a milestone for Nio, as the company exceeded its delivery goal for the first calendar year as a public company. LI Bin (William Li, 李斌), the founder of Nio, once promised to deliver 10,000 units of car in a bid with HE Xiaopeng (何小鹏), the founder of Xpeng Motors, who claimed the EV automakers cannot deliver 10,000 units in 2018, reported by TMTPost.com. Dec 12, 2018, Xpeng Motors (小鹏汽车), the four-year-old company started deliveries of its first commercial model SUV G3, marking the company the third EV maker to deliver production vehicles in China, after WM Motor (威马汽车) and NIO.

Dec 18, 2018, WM Motor implied that the company may fail to deliver on the 10,000 vehicles promises. The plant has manufactured nearly 2,000 units in the year to mid-November. The capacity is escalating gradually and estimated to reach a daily record of 200 units in November. WM Motor hopes it will be more than 200 in the next month. While it all failed to transit to deliveries.

On NIO Day 2018, the annual conference of NIO Inc. with its hosts and guests, the company published brand-new ES6, a mid-size SUV with 5 seats and built on a wheelbase measuring of 2,900 mm.

Nio aims to drive the sales with the brand new ES6. As China’s EV market growth is exciting for automakers and investors, it looks like a hopeful year for Nio in 2019.

Enterprise Information

NIO
NIO is a global Chinese company that designs and develops electric autonomous vehicles.
CATEGORIES: Auto
Last Funding Type
IPO
Number of Employees
1001-5000
Number of Funding Rounds
6
Total Funding Amount
3.41B

Enterprise Information

NIO
NIO is a global Chinese company that designs and develops electric autonomous vehicles.
CATEGORIES: Auto
Last Funding Type
IPO
Number of Employees
1001-5000
Number of Funding Rounds
6
Total Funding Amount
3.41B

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